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A JOINT RESOLUTION OF THE CITY OF VERO BEACH AND THE COUNTY OF INDIAN RIVER SETTING FORTH AN AGREEMENT ON THE APPROPRIATE USE OF TOURIST TAX REVENUES; PROVIDING FOR USE OF FIFTY PERCENT OF THE TOTAL TOURIST TAX REVENUES FOR BEACH PRESERVATION; AND PROVIDING FOR THE ISSUANCE ,OF REVENUE BONDS FOR A BEACH PRESERVATION PROJECT.' WHEREAS, pursuant to Florida Statutes, the Board of County Commissioners of Indian River County have the authority to expend tourist tax revenues for those purposes set forth in Florida Statutes 125.0104 and Indian River County Ordinances, Chapter 210; and WHEREAS, beach preservation is an authorized use of tourist tax revenues; and WHEREAS, the majority of the tourist tax revenue is collected within the City of Vero Beach (District 1); and WHEREAS' .studies have shown that the primary attraction of Vero Beabh and Indian River County for tourists is the beaches; and WHEREAS, both the City Council of the City of Vero Beach and the County Commission of County of Indian River have agreed that the highest priority for the use of tourist tax revenue is for beach preservation; and WHEREAS, the Beach Committee of Indian River County has determined that a project requiring the expenditure of significant amount of capital will be necessary for the protection and preservation of the beaches of Indian River County, and ;_j } specifically within District 1 where the most severe problem with <; erosion exists and the largest number of tourist -related facilities are. located. { NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY 1 OF VERO BEACH, FLORIDA, AND THE BOARD OF COUNTY COMMISSIONERS OF t: INDIAN RIVER COUNTY, FLORIDA, THAT: } j P{ F 1MM OSA. R•TAXFFA - z CITY OF VERO BEACH RESOLUTION NO. 93- 30 INDIAN RIVER COUNTY RESOLUTION NO 9 3 - 214 A JOINT RESOLUTION OF THE CITY OF VERO BEACH AND THE COUNTY OF INDIAN RIVER SETTING FORTH AN AGREEMENT ON THE APPROPRIATE USE OF TOURIST TAX REVENUES; PROVIDING FOR USE OF FIFTY PERCENT OF THE TOTAL TOURIST TAX REVENUES FOR BEACH PRESERVATION; AND PROVIDING FOR THE ISSUANCE ,OF REVENUE BONDS FOR A BEACH PRESERVATION PROJECT.' WHEREAS, pursuant to Florida Statutes, the Board of County Commissioners of Indian River County have the authority to expend tourist tax revenues for those purposes set forth in Florida Statutes 125.0104 and Indian River County Ordinances, Chapter 210; and WHEREAS, beach preservation is an authorized use of tourist tax revenues; and WHEREAS, the majority of the tourist tax revenue is collected within the City of Vero Beach (District 1); and WHEREAS' .studies have shown that the primary attraction of Vero Beabh and Indian River County for tourists is the beaches; and WHEREAS, both the City Council of the City of Vero Beach and the County Commission of County of Indian River have agreed that the highest priority for the use of tourist tax revenue is for beach preservation; and WHEREAS, the Beach Committee of Indian River County has determined that a project requiring the expenditure of significant amount of capital will be necessary for the protection and preservation of the beaches of Indian River County, and ;_j } specifically within District 1 where the most severe problem with <; erosion exists and the largest number of tourist -related facilities are. located. { NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY 1 OF VERO BEACH, FLORIDA, AND THE BOARD OF COUNTY COMMISSIONERS OF t: INDIAN RIVER COUNTY, FLORIDA, THAT: